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Thursday, May 19, 2011

IMF Chief Resigns

The International Monetary Fund has said Dominique Strauss-Kahn has resigned as its head following charges against him of sexual assault and attempted rape. Strauss-Kahn, in his letter of resignation which was released by the IMF said he denied with the greatest possible firmness, all of the allegations that have been made against him and will devote all his strength, time and energy into proving his innocence.

He will today for a second time request release on $1 million cash bail and placement under 24-hour house arrest while he awaits trial.

He is being held in a jail in the city of Newyork in the United States. In the immediate aftermath of his arrest, the majority of French people were inclined to believe that the managing director of the International Monetary Fund was the victim of a conspiracy, an opinion poll revealed on Wednesday. Polls released in France showed 57 percent of respondents thought the Socialist politician was definitely or probably the victim of a plot.

Just 32 percent of people thought he was not the victim of a plot and a further 11 percent had no opinion.